Withholding Tax Calculator
Calculate withholding tax on payments quickly and accurately.
Withholding rate%24
Withheld$2,400.00
Net payment$7,600.00
Legal reference: IRS Form W-9
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FAQ
What is withholding tax?▾
The payer deducts a portion of the payment and remits it to the tax authority on behalf of the recipient.
When does 24% US backup withholding apply?▾
When a payee fails to provide a correct TIN on Form W-9.
Non-resident contractor withholding?▾
IRS default is 30% unless a lower treaty rate applies (Form W-8BEN).
How to file?▾
US: Form 945 annually. Deposits per IRS schedule.
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